You may have to wait a bit longer to buy a standard term insurance plan, the Saral Jeevan Bima, which was slated to be launched on 1 January by life insurance companies, as the products filed with the Insurance Regulatory and Development Authority of India (Irdai) are still under review. A term plan pays out the sum assured to nominees in case of the insured’s death.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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